Marana considering updating investment policy
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After nearly 20 years of business as usual, the Town of Marana may soon update its policy for public investments.
The last time Marana changed the policy was in February 2000. Town staff presented some policy suggestions at last Tuesday’s council study session, to reflect two decades of changes in Arizona investment law, changes within the market and best practices set by the Government Finance Officers Association.
The biggest proposed change to the policy, according to the town’s Finance Director, Yiannis Kalaitzidis, is what types of investments the town can make.
